Anxiety Ahead of Fed Release: Rupiah Drops to Rp 17,700/USD

The Jakarta Composite Index (IHSG) managed to move into the green zone, rising 0.65% to the 6,503 level during Wednesday (16/09) trading at 10:04 WIB. However, the Rupiah experienced a decline, dropping to Rp 17,705 per US Dollar.

In the commodities market, global crude oil prices continued to strengthen, with Brent oil breaching the USD 108 per barrel mark. This surge is driven by the intensifying conflict in the Middle East and growing fears regarding inflation spikes and potential interest rate hikes by central banks.